two old ball players

regardless of comparative dollar for dollar effectriveness....QE is an exceedingly blatant class based macro policy

spending out of marginal income and wealth : transfer payments out of monetized borrowed fund versus QE out of monetized funds

if its not spent its accumulated as dollar assets


a massive transfer to  wage earners even the un constrained has wealth effects when accumulated

debt reduction by households out of payments off uncle 's credit card
is like petite  QE ...no ?

of course reduction of real  debt over hang is mostly
 the work of wage inflation in the mid to long term

but now its nominal debt reduction
which if it is not combined with a household  credit trend growth rate reduction.....


place all this under the heading :

spending out of income v spending on credit

you choose

 which is better for households in the long run ?

but even if you insist on credit driven recovery
transfers
compared dollar for dollar

 at least equal QE   punch

brit debt to gdp long series and long term bond yields

cohort parade

GE :a paragon among MNCs

"  U.S. corporation, GE  has  operations in 130 nations "

" Jack Welch,  former GE CEO :


" “Ideally, you’d have every plant you own on a barge
 to move with currencies and changes in the economy.”

"GE keeps more of its profits overseas than any other U.S. company"

"By the end of 2010 , 54 percent of GE’s 287,000 employees worked abroad"

"GE PAID
 an average annual U.S. corporate income tax rate of  1.8 percent between 2002 and 2011"

". In 2010, when GE reported worldwide profits of $14.2 billion,
 it paid no U.S. corporate income tax "
" it claimed a tax benefit of $3.2 billion. "

"During the financial crisis of 2008-2009
 the federal government’s Temporary Liquidity Guarantee Program
loaned approximately $85 billion to GE Capital"

" the company’s  finance arm that accounts for roughly half of GE’s profits"

flatline follies on job markets